21 {{ upvoteCount | shortNum }}
21 {{ upvoteCount | shortNum }}

Raising Prices On Fiverr?

by UnkwnUsr
18 replies
So lately I've started doing some work on fiverr.com and have been getting steady sales but what I've found is that the Gigs that are successful aren't really worth the time I end up spending on them. I would like to raise prices to $10 but I'm afraid the customers will not pay the extra amount. Any suggestions?
#fiverr #prices #raising
  • Profile picture of the author Stephen Williams
    Never, in any type of business, be afraid to raise the price.

    Its not easier to sell a $5 product, then a $10. Its just as easy to sell at both prices.

    Raise your price to match your effort your putting in on fiverr.
    Or find a way to create the gig with less effort!

    Both work well.
    Signature
    Right To The Point

    {{ DiscussionBoard.errors[8487318].message }}
    • Profile picture of the author AlexGeorge
      Try selling your service on ebay as well. I was making a side income reselling fiver services there for 10 - 15 dollars a pop.
      {{ DiscussionBoard.errors[8487346].message }}
      • Profile picture of the author samscott10
        Originally Posted by AlexGeorge View Post

        Try selling your service on ebay as well. I was making a side income reselling fiver services there for 10 - 15 dollars a pop.

        Hey, how do you go about doing that?
        {{ DiscussionBoard.errors[8487776].message }}
      • Profile picture of the author DoubleOhDave
        Originally Posted by AlexGeorge View Post

        Try selling your service on ebay as well. I was making a side income reselling fiver services there for 10 - 15 dollars a pop.
        Didn't know you could do that - is it in the classified section? Without directly exposing your own business, are there any niches you would suggest advertising?

        Thanks
        Dave
        Signature
        {{ DiscussionBoard.errors[8488549].message }}
    • Profile picture of the author Thomas Smale
      Originally Posted by Stephen Williams View Post

      Never, in any type of business, be afraid to raise the price.
      What a load of rubbish. Some industries are EXTREMELY price sensitive so raising prices could be suicide. Others are less so, but that doesn't mean you should raise prices without thinking.

      I would imagine most buyers on Fiverr are price sensitive too, or they wouldn't be looking for work to be done for $5 in the first place.
      Signature
      I specialize in selling websites over $10,000 in value. No obligation, confidential valuation here.
      {{ DiscussionBoard.errors[8488217].message }}
      • Profile picture of the author Stephen Williams
        Originally Posted by Thomas Smale View Post

        What a load of rubbish. Some industries are EXTREMELY price sensitive so raising prices could be suicide. Others are less so, but that doesn't mean you should raise prices without thinking.

        I would imagine most buyers on Fiverr are price sensitive too, or they wouldn't be looking for work to be done for $5 in the first place.
        Wait a minute. Did I say.."always" raise prices in business?
        Or did I say do not be afraid to?

        Please think before you type out sentences.

        Have a good day!
        Signature
        Right To The Point

        {{ DiscussionBoard.errors[8488532].message }}
        • Profile picture of the author Thomas Smale
          Originally Posted by Stephen Williams View Post

          Wait a minute. Did I say.."always" raise prices in business?
          Or did I say do not be afraid to?

          Please think before you type out sentences.

          Have a good day!
          You're just arguing semantics, it's still bad general advice as every industry is different. I do think before typing out sentences, thanks for your sarcastic comment.
          Signature
          I specialize in selling websites over $10,000 in value. No obligation, confidential valuation here.
          {{ DiscussionBoard.errors[8488541].message }}
          • Profile picture of the author Stephen Williams
            Originally Posted by Thomas Smale View Post

            You're just arguing semantics, it's still bad general advice as every industry is different. I do think before typing out sentences, thanks for your sarcastic comment.
            No. Just...no.

            I am not arguing anything. I am replying to your pretty retarded statement of "what a load of rubbish".

            Don't be afraid to raise prices in business is general bad advice is it?

            So what do you suggest? Keep selling low ticket items? Don't even take a risk?

            Understand this mentality. Its not any easier to sell people lower priced items, then it is to sell them higher. That's how it goes, I am sorry if you don't like that.
            Signature
            Right To The Point

            {{ DiscussionBoard.errors[8488552].message }}
            • Profile picture of the author Thomas Smale
              Originally Posted by Stephen Williams View Post

              Understand this mentality. Its not any easier to sell people lower priced items, then it is to sell them higher. That's how it goes, I am sorry if you don't like that.
              What experience are you basing that on? I have a business degree and have been making 6 figures a year for a while now, so sorry if I'm not blindly "understanding" this mentality.

              I had a read of your blog and get that you are just starting out online, but trying to argue that it's no easier to sell someone something to someone with a low price vs high is rubbish.

              It depends on the price elasticity of the product/service you are offering. There are some arguments for raising prices (e.g. in this case he could sell 10 x $10 services vs 20 x $5 and gross the same amount in sales) but it really depends what you are doing. I'm not in a position to offer advice until I can see exactly what the OP is offering - if all his competitors are charging 4x more and still being successful, then maybe increasing prices is sensible. If they are all charging 2x less then my advice would be different.

              Your suggestion of "raising your price to reflect the effort you're putting in" is also not a good one. Contrary to popular belief, most consumers do not care how much effort you're putting in, nor will they pay well for "effort". People pay for results. If one designer can complete a logo in 30 minutes and a less efficient designer then takes 2 hours, you're effectively suggesting the less efficient designer could raise prices to reflect the extra effort.
              Signature
              I specialize in selling websites over $10,000 in value. No obligation, confidential valuation here.
              {{ DiscussionBoard.errors[8488621].message }}
  • Profile picture of the author danlew
    You need to find a way to "upsell" your own Fiverr service for more than $5. For example, if your primary service is to give them 10,000 Youtube retention views, the upsell service could be some sort of comments, likes and subs. Just be creative.
    Signature
    http://virtualhelper247.com
    {{ DiscussionBoard.errors[8487373].message }}
  • Profile picture of the author HypnoHugh
    Have you tried tenbux.com?

    There are now a lot of rivals to Fiverr.
    {{ DiscussionBoard.errors[8488246].message }}
  • Profile picture of the author DoubleOhDave
    I agree with the upsell idea..
    Also, have you any gigs that are related to each other? Offer each as a gig extra for the other one!
    Signature
    {{ DiscussionBoard.errors[8488546].message }}
  • Profile picture of the author shmeeko69
    Originally Posted by UnkwnUsr View Post

    So lately I've started doing some work on fiverr.com and have been getting steady sales but what I've found is that the Gigs that are successful aren't really worth the time I end up spending on them. I would like to raise prices to $10 but I'm afraid the customers will not pay the extra amount. Any suggestions?
    One of the best ways is add something of real value and related to your gigs. This way you can turn a $5 in to a $20 sale. All of the top ,marketers on this platform do it and is a great way to increase your earnings.
    Signature
    The Rock n Roll of Marketing Reviews
    {{ DiscussionBoard.errors[8489066].message }}
    • Profile picture of the author MarketMaster13
      You can always liaise with your clients as to whether to increase the cost of your gigs.
      Fiverr is the best and you can actually make more than what you are currently earning if you put in the right strategies.
      Signature
      {{ DiscussionBoard.errors[8489092].message }}
      • Profile picture of the author UnkwnUsr
        Thanks for all the advice you guys, I guess I'll have to brainstorm some ways to save time on some of my Gigs while keeping the value high. I could save a lot of time with automation but that really degrades the value of the service. Maybe add some related gig extras to bring the value up.
        Signature
        FREE Shopify Training Course {NO SUBSCRIPTION}
        {{ DiscussionBoard.errors[8490582].message }}
  • Profile picture of the author seonutshell
    When you complete the gig, tell them that if they want even better results, buy one of the other gigs as well that is similar.
    Signature
    {{ DiscussionBoard.errors[8490603].message }}
  • Profile picture of the author prem khaira
    Banned
    Don't be afraid to Value your time, YOU DESERVE it but don't OVER VALUE of course.
    {{ DiscussionBoard.errors[8491151].message }}

Trending Topics